The Great Transition
Follow
Find tag "markets"
24.1K views | +2 today
The Great Transition
Policy news & blueprints for the transition to a new Sustainable and Social Economy
Your new post is loading...
Your new post is loading...
Scooped by Willy De Backer
Scoop.it!

Valuing Nature: Democracy or economics?

"... environmental sustainability will not be served by introducing or extending market instruments and norms to various areas of society, but quite the reverse. It would be better served by expanding and supporting the public sphere – both procedurally and substantively."

 

Another must-read article from the OpenDemocracy web site explaining why sustainability cannot be attained by putting a market value on natural capital and the economic "commons".

 

more...
Poor Richard's comment, May 21, 2012 5:59 AM
Much addo about very little. In a nutshell, without all the rhetoric, the proposed solution is reducing the scope of markets and "expanding and supporting the public sphere – both procedurally and substantively." Fine. What that really means is there is no unitary, all-encompassing market, i.e. certain things aren't on the auction block. Markets shall have circumscribed scope or boundaries, including appropriate regulation and no more archaic "externality" games. But the notion that *everything* should evolve from markets toward something else is absurd. Regulated markets would be natural and desirable even within many local commons. An agricultural land trust might want a produce market, and why not? Can we have more common sense and less high-toned new-agey stuff?
Scooped by Willy De Backer
Scoop.it!

Will Markets Survive the End of Growth?

Will Markets Survive the End of Growth? | The Great Transition | Scoop.it

"Is the end of growth the end of markets? The end of capitalism? Most definitely not. We will still need competition, we will still want ideas and innovation to flourish and we will want capital allocated as efficiently as possible. Markets are good at all those things."

 

New article by Paul Gilding ("The Great Disruption") which shows that post-oil and post-growth thinking is still struggling big time with the question of the balance between "state" and "market". Phrases like: we need to accept the earth's limits "as absolute boundaries of the market system" are unhelpful. We need much more sophisticated blueprints of how a just society could produce and consume within ecological and energy limits.

more...
No comment yet.